Vinaora Nivo Slider Vinaora Nivo Slider Vinaora Nivo Slider Vinaora Nivo Slider

Techno-Economics Analysis

 

Sustainability is a key driver today in the bioeconomy. At Omni Tech, we have always believed that quantified life cycle data and along with a techno-economic analysis are vital in the determination of sustainability and competitiveness.
 
What is a techno-economic analysis (TEA)?
 
Techno-economic Analysis is a cost-benefit analysis that can be applied to several types of scenarios.
  • Investigate cash flows over a specified lifetime
  • Determine the economic feasibility of a specific technology and product
  • Compare different technologies to produce the same end product
  • Gather insight into the impact of scalability for a given technology
  • Compare your technology to competitors
  • Guide R&D on what key parameters needed improvement for a new technology
 
The techniques require experience and knowledge of chemical processes, and both process modeling and financial modeling. One critical piece is the creation of mass and energy balances. These not only serve to drive the Techno-economic Analysis, they are often leveraged into the Life Cycle Assessment methodology. Omni Tech is uniquely position to offer both Techno-economic Analysis and Life Cycle Assessment services for our clients.

What are the step for a techno-economic analysis (TEA)?

There are several key pieces in creating a useful TEA.

  • Collect performance information on the selected technologies being considered
  • Evaluate the process layout, determine the type of equipment (ie reactors, distillation, etc.) and develop scenarios as needed
  • Use software modeling such as Aspen Plus to design the process models and create the mass and energy balances
  • Size and cost out the equipment
  • Determine market growth and pricing for products produced
  • Perform discounted cash flow analysis (Net Present Value)
  • Utilize sensitivity analysis to gather insight on the critical drivers

Omni Tech experts are well versed in the chemical industry and understand the parameters necessary to construct and analyze a technology, whether from paper chemistry or actual lab or pilot plant data.

2015 Mid-Tech Biobased Materials Commercialization Symposium

 

 

The Symposium, scheduled for November 4, 2015,  was canceled due to an unanticipated issue and will be rescheduled in 2016.


Environmental Site Assessment

What is a Phase I Environmental Site Assessment (ESA)

A Phase I Environmental Site Assessment (ESA) is the first step in environmental due diligence when assessing the environmental condition of commercial real estate.   This practice is intended primarily identify recognized environmental conditions (RECs) in connection with a property using reasonably ascertainable information.

Omni Tech International ESA’s include:

  • Site reconnaissance; includes a visual inspection of the property and adjoining properties

  • Interview owner, operators, and occupants

  • Review historical aerial and Sanborn maps

  • Search database for recorded environmental cleanup liens

  • Review of federal, state and local government records

  • Review of high risk historical records

  • Completed Phase I ESA using ASTM Standard E1527

2014 Mid-Tech Biobased Materials Commercialization Symposium

 

 

Click to see the NBC WEYI video Segment:

 

Mid-Tech Biobased Materials Commercialization Symposium

 

2014 eCities Midland Video

 

 

 

Held on October 21, 2014 in Midland, Michigan

Great Hall Banquet & Convention Center at the Valley Plaza Resort
5121 Bay City Road
Midland, MI 48642

 

The 2014 Mid-Tech Biobased Materials Commercialization Symposium, a collaboration between Midland Tomorrow and Midland based Omni Tech International, Ltd., brought together Bio-Based Michigan Companies and/or Michigan companies considering a strategy to “go green” for a day of symposia and networking.
 


The Symposium Agenda and Speaker Line-up

 

8:30 AM – 10:00 AM

Registration and Networking (Includes Breakfast Foods and Coffee)

10:00 AM


Opening Remarks: 
Lee Rouse, President/CEO
Omni Tech International, LTD

10:15 AM – 10:40 AM


Omni Tech’s Road to Bio-based Commercialization  
Lee Walko – Biobased Business Development Manager
Omni Tech International, LTD

10:45 AM – 11:10 AM


Reimaging the Wine Packaging industry Using Biobased Green Cell Foam
Tim Colonese, President/CEO
KTM Industries, Inc. 


11:15 AM – 11:45 AM


A Systematic Approach to Scaling a Sustainable Product
Dr. Bill Freckman, Director of Operations
Michigan State University  Bioeconomy Institute


11:45 AM – 12:15 PM


Commercial Prospects for Biobased Chemicals
Dr. Patrick Smith, Research Scientist
Michigan Molecular Institute


12:15 PM – 1:00  PM


Lunch and Networking

1:00 PM – 1:30 PM


Keynote:
Chemistry: Green Is Good; Sustainable is Better!
David E. Kepler, Executive Vice President, Chief Sustainability Officer
 and Chief Information Officer
The Dow Chemical Company

1:30 PM – 2:00 PM


Biobased Life Cycle and Regulatory Check Points
James W. Pollack, EHS Manager
Omni Tech International, LTD

2:00 PM – 2:30 PM


Keynote: 
Returning to Our Roots: Research, Development and Implementation of Sustainable Materials at Ford
Deborah Mielewski, Senior Technical Leader, Materials Sustainability
Ford Research and Innovation Center

2:30 PM


Adjourn and Closing Remarks
Lee Rouse, President/CEO
Omni Tech International


2:35 PM – 3:30 PM


Networking


 
 
 

GHS HAZCOM

 
OSHA HAZARDOUS COMMUNICATION STANDARD AND GLOBALLY HARMONIZED SYSTEM OF CLASSIFICATION AND LABELING OF CHEMICALS
 
The Globally Harmonized System (GHS) is a system for classification of chemical hazards and a standardized approach to label elements and safety data sheets. In March 2012, OSHA modified the Hazard Communication Standard (HCS) to adopt the GHS to improve safety and health of workers through more effective communications on chemical hazards.
  
 GHS is a logical and comprehensive approach to:
  • Defining health, physical and environmental hazards of chemicals
  • Creating classification of processes that use available date on chemicals for comparison with the defined hazard criteria
  • Communicating hazard information, as well as protective measures, on labels and Safety Data Sheets (SDS)
 
 

GHS Phase-In Schedule:

December 1, 2013 – Train employees

- All workers exposed to hazardous chemicals including temporary and contract workers.

- Training includes new label elements, SDS format and how to use label information

 

June 1, 2015

Distributors have six months to ensure compliance with new provisions

 

December 1, 2015

Chemical manufacturers and distributors must be in compliance with new provisions

 

June 1, 2016

Employers must update labeling and hazard communication programs and provide training for newly identified physical and health hazards

 

 

Omni Tech's GHS Services Include:                                 

  • Training
  • Prepare inventory list of hazardous chemicals
  • Convert existing MSDS/SDS format to new required GHS SDS format
  • Written Hazardous Communication Program development
  • Audit proper label use and compliance with GHS Standard